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Milwaukee and Waukesha county businesses saw moderate improvement in 2010 and expect growth in 2011, according to a report released Wednesday by First Business Bank-Milwaukee.

First Business Economic Survey of Milwaukee and Waukesha Counties, conducted by the University of Wisconsin’s A.C. Nielsen Center for Marketing Research in September and October, found that a majority of businesses saw revenue and profits increase or stay the same in 2010. Nearly 39 percent reported an increase in profitability, compared with 21 percent in 2009. Profitability and sales revenue declined for 46 percent of businesses surveyed.

About 71 percent of respondents maintained or increased their employee totals in 2010, and 50 percent plan to increase wages in 2011, compared with 37 percent in 2010. Manufacturing firms saw the biggest turnaround, according to the report.

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